Definitive Analysis
Definitive Analysis

Get Full Access

See Pricing Start Free Trial

Emaar Properties PJSC (EMAAR.AE)

Company Dividend Discount ModelIndustry: Real Estate - DevelopmentSector: Real Estate

Valuation Snapshot

Stable Growth$209.63 - $342.96$321.40
Multi-Stage$57.28 - $62.62$59.90
Blended Fair Value$190.65
Current Price$13.60
Upside1,301.84%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS26.12%-1.52%0.820.330.210.230.100.260.510.170.160.27
YoY Growth--150.76%58.68%-9.71%124.20%-60.39%-49.73%204.22%6.87%-41.22%-72.01%
Dividend Yield--6.17%3.93%3.70%3.82%2.89%11.63%10.75%2.89%2.16%4.47%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)15,253.39
(-) Cash Dividends Paid (M)13,248.46
(=) Cash Retained (M)2,004.93
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,050.681,906.671,144.00
Cash Retained (M)2,004.932,004.932,004.93
(-) Cash Required (M)-3,050.68-1,906.67-1,144.00
(=) Excess Retained (M)-1,045.7498.26860.93
(/) Shares Outstanding (M)8,845.168,845.168,845.16
(=) Excess Retained per Share-0.120.010.10
LTM Dividend per Share1.501.501.50
(+) Excess Retained per Share-0.120.010.10
(=) Adjusted Dividend1.381.511.60
WACC / Discount Rate6.19%6.19%6.19%
Growth Rate5.50%6.50%7.50%
Fair Value$209.63$321.40$342.96
Upside / Downside1,441.40%2,263.25%2,421.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)15,253.3916,244.8617,300.7818,425.3319,622.9720,898.4621,525.42
Payout Ratio86.86%87.48%88.11%88.74%89.37%90.00%92.50%
Projected Dividends (M)13,248.4614,211.7615,244.3216,351.0617,537.2818,808.6219,911.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.19%6.19%6.19%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)13,257.1313,382.7913,508.45
Year 2 PV (M)13,265.1213,517.7813,772.83
Year 3 PV (M)13,272.4413,653.4514,041.67
Year 4 PV (M)13,279.1013,789.7814,315.05
Year 5 PV (M)13,285.1113,926.7814,593.02
PV of Terminal Value (M)440,276.68461,542.20483,621.61
Equity Value (M)506,635.58529,812.79553,852.63
Shares Outstanding (M)8,845.168,845.168,845.16
Fair Value$57.28$59.90$62.62
Upside / Downside321.16%340.43%360.42%

High-Yield Dividend Screener

« Prev Page 18 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
CU-X.TOCanadian Utilities Limited6.70%$2.3196.15%
NACNuveen California Quality Municipal Income Fund6.70%$0.7958.10%
SMIT.BKSahamit Machinery Public Company Limited6.70%$0.2480.77%
FNTN.DEfreenet AG6.69%$1.9986.99%
2319.HKChina Mengniu Dairy Company Limited6.68%$1.0099.41%
8963.TInvincible Investment Corporation6.68%$4,300.6161.53%
PLAKR.ATPlastika Kritis S.A.6.67%$0.9734.18%
000540.KSHeungkuk Fire&Marine Insurance Co., Ltd.6.66%$237.3827.99%
2314.HKLee & Man Paper Manufacturing Limited6.66%$0.1928.93%
298020.KSHyosung TNC Corporation6.66%$14,250.7888.73%
CPTGF.BKC.P. Tower Growth Leasehold Property Fund6.66%$0.3463.33%
0QQG.LRomande Energie Holding S.A.6.65%$2.8854.24%
9924.TWTaiwan Fu Hsing Industrial Co.,Ltd.6.65%$3.4897.31%
AYUD.BKAllianz Ayudhya Capital Public Company Limited6.65%$2.3438.16%
BEES3.SABanestes S.A. - Banco do Estado do Espírito Santo6.65%$0.5447.77%
DHTDHT Holdings, Inc.6.65%$0.7862.76%
DVLA.JKPT Darya-Varia Laboratoria Tbk6.65%$110.0071.18%
BTB-UN.TOBTB Real Estate Investment Trust6.64%$0.2763.41%
0297.HKSinofert Holdings Limited6.63%$0.1040.38%
0QQ0.LBKW AG6.63%$11.1661.27%
TTW-R.BKTTW Public Company Limited6.63%$0.6076.46%
000001.SZPing An Bank Co., Ltd.6.62%$0.7533.97%
5519.TWLongDa Construction & Development Corporation6.62%$2.1773.27%
AKHI.QAAl Khaleej Takaful Insurance Company Q.P.S.C.6.62%$0.1562.13%
DEXP3.SADexxos Participações S.A.6.61%$0.5235.77%
PLZ-UN.TOPlaza Retail REIT6.60%$0.2887.93%
0900.HKAEON Credit Service (Asia) Company Limited6.59%$0.4847.12%
4001.SRAbdullah Al-Othaim Markets Company6.59%$0.4169.57%
9942.TWNAK Sealing Technologies Corporation6.59%$6.9983.55%
QFLS.QAQatar Fuel Company Q.P.S.C.("WOQOD")6.59%$1.0096.27%
AD-UN.TOAlaris Equity Partners Income Trust6.58%$1.3646.26%
ARF.AXArena REIT6.58%$0.2367.19%
BVI.PABureau Veritas S.A.6.58%$1.7768.58%
9677.HKWeihai Bank Co., Ltd. Class H6.57%$0.1837.27%
LI.PAKlépierre6.57%$2.1940.55%
SIME.KLSime Darby Berhad6.57%$0.1445.15%
KER.PAKering S.A.6.56%$19.9987.42%
MING.OLSpareBank 1 SMN6.56%$13.2942.26%
024090.KSDCM Corp.6.55%$791.6575.82%
EMSN.SWEms-Chemie Holding AG6.55%$36.0191.24%
HVN.AXHarvey Norman Holdings Limited6.55%$0.4665.85%
LALIN.BKLalin Property Public Company Limited6.54%$0.3261.45%
0636.HKKLN Logistics Group Limited6.53%$0.4728.09%
0JSU.LSipef N.V.6.53%$5.3834.04%
0QF8.LAktia Pankki Oyj6.53%$0.8292.48%
INTRInter & Co, Inc.6.53%$0.5520.40%
0028.HKTian An China Investments Company Limited6.52%$0.3015.83%
4190.SRJarir Marketing Company6.52%$0.8499.34%
ONEE.BKThe ONE Enterprise Public Company Limited6.52%$0.1489.05%
0119.HKPoly Property Group Co., Limited6.51%$0.1338.03%